| McNeilus to Exhibit at 2010 WasteExpo in Atlanta |
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| Release Date: 5/4/2010 |
DODGE CENTER, Minn. (May 04, 2010) — McNeilus Truck and Manufacturing Inc., an Oshkosh Corporation company (NYSE:OSK) and leading manufacturer of refuse truck bodies and concrete mixers, will exhibit at WasteExpo, May 4 – 6 in Atlanta. The new ZR Series™ full-eject automated side loader and the redesigned, compressed-natural-gas-equipped Pacific Series® Lo-Pro front loader will highlight the McNeilus display in Booth #4347.
The ZR Series full-eject automated side loader operates on a zero radius, eliminating arm kick-out, which can be problematic in tight urban streets. The simple, field-proven arm reduces total cost of ownership by lowering maintenance costs and increasing efficiency and driver productivity. The ZR Series is also available with the new McNeilus load-sensing hydraulics, which can save up to 15 percent on fuel costs.
“McNeilus is pleased to introduce this innovative product to our customers at WasteExpo,” said Mike Wuest, Oshkosh Corporation executive vice president and Commercial Group president. “The ZR Series offers our customers a simple, efficient, maintenance-friendly solution that will meet the unique needs of urban refuse collection.”
McNeilus will also exhibit its new Pacific Series front loader equipped with compress natural gas (CNG), Command Zone 3™ multiplexed control system and an Ngen™ Hydraulics package that provides for on-demand hydraulic functionality that saves fuel and reduces maintenance costs. With the increased popularity of alternative fuels and payload expectations, the new Pacific Series front loader represents the next generation in West Coast front loaders.
McNeilus CNG products are part of the company’s larger Ngen™ Initiatives, which promote alternative fuels, fuel-saving innovations and composite products. With the heavier emissions-compliant engines looming, these Ngen innovations equate to a much lighter, more fuel-efficient vehicle. Details regarding the McNeilus Ngen Initiative can be found on its refuse and concrete product websites, where their CNG vehicle video is available for immediate viewing as well as their CNG calculator, which allows users to input their own fleet information to determine the return on investment of migrating to CNG-powered concrete or refuse trucks.“
The Ngen logo is a symbol of our commitment to industry-changing technology that increases our customers’ productivity, fuel economy and ROI,” Wuest said. “Ngen brings all the latest technology into one place to make it easier for people to comprehend what McNeilus brings to the table.”
McNeilus will also display its Atlantic Series® front loader and its flagship heavy duty rear loader at WasteExpo.
About McNeilus: McNeilus Companies, Inc., an Oshkosh Corporation [NYSE: OSK] company, is a leading manufacturer of refuse truck bodies and concrete mixers. For more information on the company, go to www.mcneiluscompanies.com.
About Oshkosh Corporation: Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corp. manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline™, SMIT™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward-Looking Statements
This press release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the impact on revenues and margins of the planned decrease in M-ATV production rates; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and tight credit markets; the duration of the global recession, which could lead to additional impairment charges related to many of the Company’s intangible assets and/or a slower recovery in the Company’s cyclical businesses than equity market expectations; the expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof; risks related to reductions in government expenditures, the potential for the government to competitively bid the Company’s Army and Marine Corps contracts, the startup of the Family of Medium Tactical Vehicles contract and the uncertainty of government contracts generally; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company’s ability to pursue various opportunities; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; risks related to production delays as a result of the economy’s impact on the Company’s suppliers; the potential for commodity costs to rise sharply, including in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; and the potential for increased costs relating to compliance with changes in laws and regulations. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this press release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.
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